‘General’ News
High interest rate on current accounts up for grabs
Posted 2008-06-8
Lloyds TSB announced today a new six per cent current account following increasing competition between leading banks. Customers who open a Plus account before July 13th will receive six per cent AER (5.84 per cent gross variable) on balances as high as £2,500. ...
Read High interest rate on current accounts up for grabs
-
Delicious -
Digg -
Reddit -
Facebook -
Stumbleupon
One in three Brits ‘concerned about debts’
Posted 2008-06-2
A recent poll highlights that more than one in three Brits are concerned about their level of debt. Moneyexpert.coms survey shows that 38 per cent of respondents are worried that they will not be able to pay their loans and credit card bills, a rise of five percent compared to three months ago. ...
Read One in three Brits ‘concerned about debts’
Brits ’splash their cash abroad’
Posted 2008-06-1
New research has revealed that Brits become more extravagant with their money when they arrive on foreign shores. A study conducted by America Express highlights that one in three people will spend left foreign currency for the sake of it, to save having to convert it back to sterling. ...
Read Brits ’splash their cash abroad’
Grocery bills increase by 5.8%
Posted 2008-05-29
Grocery prices have increased by 5.8 per cent in May compared with the same month last year. British shoppers are now spending £514 million a month more on their shopping than in 2007, according to new research from Verdict. ...
Read Grocery bills increase by 5.8%
Holidays ‘affected by credit crunch’
Posted 2008-05-29
The number of people taking holidays abroad is likely to fall due to the impact of the credit crunch, it has emerged. According to the Family Holiday Association, fewer families than last year will be able to afford to take a trip abroad due to other strains on their finances, such as food prices and utility bills. ...
Read Holidays ‘affected by credit crunch’
Global Insight: Bank won’t cut base interest rate
Posted 2008-05-28
An economist has predicted that the Bank of England will keep the base interest rate unchanged at five per cent next week. Howard Archer, chief European and UK economist for Global Insight, states that the Bank will “tread extremely carefully on the interest rate path for the time being”, in a bid to keep inflation stable. ...
Read Global Insight: Bank won’t cut base interest rate
Quarter of Brits ‘unprepared for financial emergency’
Posted 2008-05-27
One in four Brits do not have a financial safety net to help them through an emergency, it has emerged. A recent poll by credit card company Egg also highlighted that a further 52 per cent dont have enough savings to see them through the four months on average it takes to find a job after redundancy. ...
Read Quarter of Brits ‘unprepared for financial emergency’
Brits ‘finding it harder to switch financial products’
Posted 2008-05-26
A new survey has found that British households are not switching financial products as the credit crunch has taken hold on their finances. The poll, by MoneyExpert.com, has revealed a 17 per cent drop in the switching of products such as mortgages and credit cards. ...
Read Brits ‘finding it harder to switch financial products’
Brits cut back on spending
Posted 2008-05-22
Brits are reducing their spending on fashion and luxury food items it has emerged. Research conducted by Alliance and Leicester Current Accounts shows that almost 35 million Britons have made some form of financial cut back recently and one-third anticipate that their disposable income will decrease in the next six months due to the rising cost of living. ...
Read Brits cut back on spending
Brits turn to pals over financial troubles
Posted 2008-05-22
Brits are increasingly discussing their financial woes with their friends, it has emerged. Research conducted by IVA.co.u...